BM · AmericasGD · Americas
Bermuda vs Grenada: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Bermuda's (0%) by 30pp. The 200-country average is 28%: Bermuda sits below it, Grenada sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BM | GD | Difference |
|---|---|---|---|
| Income Tax | 0% | 30% | GD +30 pplargest gap |
| Corporate Tax | 0% | 28% | GD +28 pp |
| VAT | 0% | 15% | GD +15 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Taxes on personal income) · as of 2026-02-19 |
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Difference | −30 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −28 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Bermuda's (0%) by 28pp. The 201-country average is 22.6%: Bermuda sits below it, Grenada sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Corporate, Other taxes) · as of 2026-02-19 |
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Difference | −15 pp | Grenada higher |
Between the two, Grenada's VAT rate (15%) tops Bermuda's (0%) by 15pp. The 181-country average is 15%: Bermuda sits below it, Grenada matches the world average. Bermuda's figure is dated 2026-02-19 and Grenada's 2010-02-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Bermuda and Grenada both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PwC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Bermuda and Grenada both post a crypto tax rate of 0%. The 88-country average is 13%: both sit below it.
Not covered for both countries yet: Wealth Tax.